Content Preview
Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here
China's biggest bank tightens lending controls
Quick ReadChina's biggest bank tightens lending amid government effort to prevent asset price bubble
(AP) — China's biggest bank said Tuesday it will curb lending for real estate and industrial projects as the government tries to limit excess investment and cool what it worries is a dangerous bubble in asset prices.
State-owned Industrial & Commercial Bank of China's announcement was the clearest sign yet of how borrowers will be affected by Beijing's effort to control credit after a flood...
Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.
